PXP Pitchstone Exploration Ltd.

Pitchstone Exploration Ltd. (TSX VENTURE:PXP) ("Pitchstone") reports that
analytical results have been received from drilling recently completed on the
Wolverine property. The Wolverine property was optioned to Japan Oil, Gas and
Metals National Corporation ("JOGMEC") in 2009 and is located in Saskatchewan's
prolific eastern Athabasca Basin. All exploration on Wolverine is being funded
by JOGMEC. 


Wolverine Analytical Results

This first phase of drilling at Wolverine consisted of four holes that tested
two target areas. The targets are characterized by DC-resistivity lows and
magnetic lineaments that have been interpreted as possible fault structures.
Anomalous radioactivity was observed in one hole (WL-01) associated with faulted
hematite and chlorite altered breccia in basement rocks 370 meters below surface
and 70 meters below the Athabasca unconformity (see July 14, 2010 news release).
Assay results confirm that the radioactivity is due to uranium. The highest
uranium value is 0.25% U3O8 over a 10 centimeter interval within a 2.0 meter
interval that averages 0.05% U3O8. Pitchstone is encouraged by this new uranium
discovery, particularly due to its association with brecciated and altered
basement. Further drilling will be required to follow up on the results. 


Steven J. Blower, P.Geo., President and CEO of Pitchstone, is the Qualified
Person for the purposes of NI 43-101 with respect to the technical information
in this news release. Sample preparation and analyses on Pitchstone's samples
were done by SRC Geoanalytical Laboratories, Saskatoon. A partial digestion with
fluorimetric analysis was used for initial uranium determinations, and then all
samples containing greater than 100 ppm uranium were re-analyzed with ICP.
Pitchstone utilizes internally and externally submitted standard reference
materials for quality assurance and quality control of the sample preparation
and analyses. Insufficient information is available to estimate the true width
of the mineralized intersection.


About Pitchstone

Pitchstone is exploring for uranium in three proven districts in Canada and
Namibia. The property portfolio features 12 projects in the eastern Athabasca
Basin, Saskatchewan, four of which are 100% owned. In addition, there is a joint
venture on two projects in Namibia and several joint venture projects in the
Hornby Bay Basin, Nunavut. Pitchstone benefits from the collaboration of a
unique group of geologists with extensive uranium exploration and production
experience. 


On behalf of the Board,

Steven J. Blower, President and CEO

This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond Pitchstone's control, that may cause actual results or performance to
differ materially from those currently anticipated in such statements.

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